Blue Apron Holdings Inc Up 17.22% To $3.51 After Earnings Miss

Monday, August 8, 2022 - Blue Apron Holdings Inc (APRN) reported downside earnings and revenues today.

Blue Apron Holdings Inc's earnings came in at an EPS loss of $0.68 per share, 24% lower than estimates for an EPS loss of $0.55 per share. The firm's loss per share narrowed by 12% since reporting a loss of $0.77 per share a year ago. Remember, earnings reported were on an adjusted basis, so they may not be comparable to prior reports and/or analyst estimates.

Revenues were downbeat at $124.2 million. That is an increase of 0.18% in revenues from the year-ago report and is 0.62% lower than consensus estimates set at $125 million.

The stock is up 17.22% to $3.51 after the report.

Despite revenues increasing, earnings decreased, signaling a decline in profit margins.

The average recommendation from Wall Street analysts was a Strong Buy which may get revised based on this new data.

InvestorsObserver gives the stock a Bearish Sentiment score at the moment based on recent trading.

Blue Apron Holdings Inc has performed poorly during the past few months, garnering a low Long-Term Technical Rank by InvestorsObserver of 18, putting Blue Apron Holdings Inc in the bottom 25% of stocks. The firm was recently trading at a 52-week low of $2.27 on June 13, 2022 and set a 52-week high on December 7, 2021 at $12.76.

Blue Apron Holdings Inc is a United States-based company involved in discovering new recipes, ingredients, and cooking techniques to prepare meals that are sent along with fresh, seasonal ingredients, directly to customers. The company offers its customers two flexible plans, 2 Serving Plan and 4 Serving Plan. Its recipes are accompanied by printed and digital content, including how-to-cook instructions and the stories of its suppliers and specialty ingredients. The company also sells wine, cooking tools, utensils, and pantry items.